Setting the Sales Price
Before you set the sales price of
your house, you should have a Comparative Market
Analysis (CMA) done by a Real Esate expert which will show the
listing price of similar houses in the area as well as the
prices at which the houses actually sold.
Additionally, the analysis will
give you information about houses currently on the market
and about houses that were on the market but never sold.
Next, consider your goals for
selling the house. Everyone who sells a house has different
goals that need to be factored in when calculating the selling
price.
-
Is your goal to get the
maximum sales price for your
house?
-
If so, are you
willing to have your house on
the market for many
months?
-
Is your goal to sell
your house quickly?
-
If so, are you
willing to sacrifice some of
your potential profits to
sell more
quickly?
- Would you like to establish a balance
between selling your house quickly and
selling at the top end of market
value?
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Market conditions will play a role in
setting the sales price of your house. Remember
to factor in
-
how quickly houses are selling in your area,
-
interest rates,
-
the strength of the school system, and
-
finally whether it is a buyer's or seller's market.
Then you should be able to determine a
price at which to list your house to meet your goals in the
local market.
BACK < Sell a Home
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